Copt Defense Properties income statement
In fiscal 2025, Copt Defense Properties reported revenue of $764m, up 1.4% on the year before and net income of $152m, or $1.34 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 738 | 492 | 493 | 508 | 523 | 586 | 625 | 574 | 613 | 578 | 612 | 582 | 664 | 739 | 685 | 753 | 764 | 784 |
| Cost of revenue | — | — | — | — | — | — | — | 45 | 100 | 58 | 110 | 68 | 104 | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | 529 | 513 | 520 | 502 | 515 | 560 | — | — | — | — | — |
| Selling, general and administrative | — | 29 | 30 | 32 | 31 | 32 | 31 | 37 | 31 | 29 | 35 | 33 | 41 | 39 | 43 | 47 | 48 | 50 |
| General and administrative | 23 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | 130 | 111 | 30 | 89 | 142 | 132 | 120 | 52 | 136 | — | — | — | — | — | — | — | — | — |
| Interest expense | — | — | — | — | — | — | — | — | — | 75 | 71 | 68 | 65 | 61 | 71 | 82 | 87 | 94 |
| Income before tax | 56 | 24 | −86 | 9 | 37 | 35 | 121 | 33 | 75 | 76 | 194 | 99 | 77 | 148 | −73 | 144 | 158 | 169 |
| Income tax | 0 | 0 | −7 | 0 | 2 | 0 | 0 | 0 | 1 | −0 | −0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 |
| Net income | 56 | 43 | −119 | 21 | 94 | 40 | 178 | 29 | 69 | 72 | 192 | 97 | 82 | 179 | −75 | 138 | 152 | 164 |
| Diluted EPS | $0.70 | $0.43 | −$1.97 | −$0.03 | $0.83 | $0.25 | $1.74 | $0.15 | $0.56 | $0.69 | $1.71 | $0.87 | $0.68 | $1.53 | −$0.67 | $1.23 | $1.34 | $1.43 |
| Diluted shares (average) | 56m | 60m | 69m | 73m | 85m | 88m | 98m | 95m | 99m | 104m | 112m | 112m | 112m | 113m | 112m | 113m | 113m | 114m |
| EBITDA | — | 208 | 167 | 213 | 262 | 270 | 262 | 187 | 272 | — | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 189 | 183 | 188 | 190 | 189 | 197 | 201 | 197 |
| Selling, general and administrative | 11 | 12 | 12 | 12 | 12 | 12 | 13 | 13 |
| Interest expense | 20 | 20 | 21 | 21 | 21 | 24 | 24 | 24 |
| Income before tax | 37 | 36 | 36 | 40 | 43 | 39 | 39 | 48 |
| Income tax | 0 | −0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Net income | 36 | 35 | 35 | 38 | 42 | 37 | 38 | 46 |
| Diluted EPS | $0.32 | $0.31 | $0.31 | $0.34 | $0.37 | $0.33 | $0.34 | $0.40 |
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